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The sad part is how many people are buying into it ggm.
They don't care HOW it's being done, they just want to feel good that everything is being "fixed."
Except it's NOT being fixed.
Instead of actually SOLVING any problems, we are being subjected to one of the most blatant and shameful Propaganda Blitzes, at least on the economic front, of all time.
Today was more of a short squeeze than it was anything else.
An artificially led goosing of the Market, which is the ONLY thing TPTB and "The Football Team" have left since we saw what happened the first two days of the week when Reality was allowed to shine through and dominate the day.
Their carefully crafted Propaganda Bubble was about to burst, and they needed to do something to get everyone to shut up and go hunt Easter Eggs or glaze over all weekend with Beer, Chips, and NCIS re-reuns, and low and behold, Wells Fargo "surprises" with Earnings "Expectations" and "Forecasts".
Not real numbers, not actual data, just bullshit. The same shit that Citi pulled five weeks ago.
next it will be BAC's turn, then the rest of the Banks, as they continue the facade.
They HAVE to, ggm.
They don't have any CHOICE, now that they have sold the "Recovery" as "Reality" and not the steaming pile of dog shit that they SWEAR is really Godiva Chocolate.
I will leave you with something I read on one of the SANE Financial Message boards today:
"To anyone praying they don't lose their job this year. To anyone struggling to make the mortgage payment this month. To anyone visiting that food bank so that they can keep their facade going just a little bit longer. To anyone who believes that the government and industry leaders will now do the right thing, and stop lying and be responsible today's Wells Fargo scam job just might give you hope.
After all it's all about hope. Just a little push could ignite a brand new spending spree. Unfortunately the only thing that will ignite that spree is your credit card and more debt from your local banking merchant. Good Luck,and see you back here in a couple of years."
As for you, ggm, PLEASE keep shining the light. Don't be silent. SCREAM from the rooftops if you have to.
WE. ARE. BEING. LIED. TO.
This is not real. It is NOT Sustainable.
The REAL Economy is not Wall Street, it is Main Street.
And it will become a very Mean Street when all the Fairy Dust Wears off.
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